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BRIEF-Pacific Current says to pay off acquisition debt

Published 25/11/2015, 05:14 pm
© Reuters.  BRIEF-Pacific Current says to pay off acquisition debt
PAC
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Nov 25 (Reuters) - Pacific Current Group Ltd PAC.AX :

* To pay off acquisition debt

* Agreement to pay down of merger-related acquisition debt incurred by Aurora Trust

* Debt pay down follows the sale of a portion of Pacific Current's investment in RARE Infrastructure Limited

* Debt incurred by Aurora trust as part of 2014 merger of Treasury Group and Northern Lights Capital Partners

* Pacific Current will now repay the acquisition debt in full on 4 January 2016

* Pacific Current will incur prepayment penalty of US$645,000, representing 1.37% of the original loan amount

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